Bill Winters faced backlash over remarks about some of near 8,000 staff set to lose roles to AI
The chief executive of Standard Chartered has apologised for referring to some of the almost 8,000 staff that are set to lose their jobs to artificial intelligence as “lower-value human capital”.
Bill Winters offered the apology after a backlash over comments he made earlier this week as the London-headquartered lender became one of the first major global banks to lay out plans to cut about 7,800 back-office roles, primarily in response to AI.
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This article was originally published by The Guardian and written by Mark Sweney.
Read original article on The Guardian